TRADE COMBINE.
BIC CANADIAN SCHEME. IRON AND COAL DEPOSITS, Br Telept ph.—Press Assn.—Copyrle&t, Received May 5, 11.15 p.m. Ottawa, May 5. It is announced that nine Canadian steel companies and shipbuilding transportation companies have consolidated into the British Steel Corporation with a capital of half a billion dollars. The consolidation associates the iron and coal deposits of Canada's Atlantic seaboard with the steel making and financial resources of Britain. The capital and stock will be divided as follows: —Fifty million 6even per cent- cumulative preferred shares, of which 37,000,000 will be issued; 100,000,000 eight per cent, cumulative preferred shares, • of which 25,000,000 will be issued; 150,000,000 seven per cent, noncumulative preferred shares, of which 77,000,000 will be issued.—Aus.-N.Z-Cable Asan.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/TDN19200506.2.37
Bibliographic details
Ngā taipitopito pukapuka
Taranaki Daily News, 6 May 1920, Page 5
Word count
Tapeke kupu
119TRADE COMBINE. Taranaki Daily News, 6 May 1920, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Taranaki Daily News. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in